The weather, globally, is more volatile and extreme. The impact both for economies and insurers is worsening every year. The property/casualty industry posted a $21.2 billion underwriting loss in 2023 and losses from nat cats now exceed $100bn annually more often than not. Faced with the prospect of ever increasing losses, reinsurers are retrenching and prices are going up for insureds. In this panel, we will discuss how technology can stem and potentially even reverse this trend, how the insurtech industry can develop solutions which enable risk carriers to become closer to the risk, reward risk mitigation in developed markets and increase insurance penetration in the parts of the world which need it most.